Bitcoin Cash-Out, Ethereum Inflows: What ETF Movements Reveal About the Crypto Market

• Bitcoin Sees $64M in outflows, while Ethereum attracts $19M in inflows
• Ethereum’s price volatility could lead to a breakout if key resistance breaks
• Ethereum’s price may retest levels between $1,975 and $2,044

New data on ETF movements shows some interesting shifts in crypto. On one hand, Bitcoin saw $64.1 million in outflows—meaning investors may be cashing out or taking profits. 

On the other hand, Ethereum enjoyed a $19 million inflow, suggesting some money is flowing into Ethereum as investors move away from Bitcoin for the time being.

According to analyst Nicholas Merten, this isn’t too surprising. Bitcoin has been outperforming Ethereum recently, and with Ethereum’s price lower, some investors are seizing the opportunity to diversify. In fact, even though many believe Ethereum is done for, some technical signs suggest a potential rally for ETH and altcoins in the near future.

Ethereum’s Volatility: Normal Market Swings?

Ethereum’s market has seen some volatile movements lately. For example, just this week Ethereum saw a sharp price increase followed by an almost immediate retracement. 

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